New Computer Technology- cryptography, open, distributed, verifiable, peer-to-peer
Aviation Safety Applicability
Integrate with SMS
The blockchain technology has caught the attention of industries which depend on distribution. Some of the energy is related to its ability to use bitcoin as a currency. Here is an accepted definition of this computer development-
Its applicability to aviation has been the subject of a number of articles:
- Beyond the buzz: The potential of blockchain technology for airlines
- Aviation Turns to Blockchain for Management Solutions
- Aerospace suppliers look to blockchain for parts tracking
Some of the suggested uses include ticketing, loyalty programs, security and maintenance. Airlines are part of a major supply chain and maintenance; the analyses emphasize the value of a better control of part inventory and timing of maintenance checks.
Aviation already has a meta data resource which contributes to an increasingly proactive risk management
- What Has Technology WroughtFor Increased Capture Of Aircraft Safety Data
- The OriginsOf Aviation’s New Data-Centric Drive
- SMS Big Data: Dealing With 20 TerabytesPer Hour
- The Promise Of New Data Requires Additional Planning For SMS
- Microsoft & Boeing Plan To Automate The Data Rich Environment Of Planes; Add SMS’s Unique Window On SAFETY
Can/should Blockchain be integrated with SMS. Here are some of the attributes which may be of value to aviation:
A business blockchain network is a decentralized network that uses distributed ledger technology for the efficient and secure transfer of business assets between member organizations in the network. Assets can be physical or digital, such as vehicles, diamonds, fresh produce, or insurance records. A shared, distributed ledger records an immutable history of all asset transactions between participants in the network, and catalogs the current state (world state) of those assets. The business rules that govern transactions are agreed upon by members and encapsulated in chaincode, also known as smart contracts.
Instead of relying on a central authority or trusted intermediary, such as a bank or brokerage firm, to validate transactions, members of a blockchain network use a consensus mechanism to improve transaction processing speed, transparency, and accountability across the network. For additional confidentiality, members join one or more channels that allow for data isolation; a channel-specific ledger is shared by the authenticated peers in that channel.
A blockchain network for business is collectively owned and operated by a group of identifiable and verifiable institutions, such as businesses, universities, or hospitals. In such a permissioned network, the participants are known to each other, and transactions are processed much faster than in a non-permissioned, public network, like the Bitcoin network
The security and transparency of Blockchain would benefit SMS. The ability to extend, if agreement is reached, to include the OEMs, repair stations and other safety-related certificate holders. A cradle to grave connected data base could exponentially increase the integrity of the system, enhance the reliability of SMS predictions and contribute to collaboration.
There may be technical reasons why the SMS Blockchain may not work, but the potential, at least superficially, merits further consideration.
Share this article: